Trust Agreement For The Ohio Farmers Insurance Co Group Health

Organization Overview

Trust Agreement For The Ohio Farmers Insurance Co Group Health, operating under the name Group Health Benefit Plan, is located in Westfield Center, OH. The organization was established in 1980. According to its NTEE Classification (Y34) the organization is classified as: Employee Funded Pension Trusts, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Group Health Benefit Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2023, Group Health Benefit Plan generated $36.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $36.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE HEALTH BENEFITS INCLUDING HOSPITALIZATION, MAJOR MEDICAL, DENTAL, PRESCRIPTION DRUG, AND OTHER HEALTH BENEFITS TO PARTICIPANTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAID BENEFITS (MEDICAL, DENTAL, VISION, PRESCRIPTION DRUG, LIFE) CLAIMS FOR ACTIVE EMPLOYEES, RETIREES, BENEFICIARIES


PAYMENTS TO THIRD PARTY CONTRACTORS FOR ADMINISTRATION OF BENEFITS


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$36,052,730
Investment income $672,074
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $125,540
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $36,850,344

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